Half-year results for the six months ended 30 Sep 2009

Key points

• 24.8% increase in diluted NAV per share over the period
• 2.9% increase in interim dividend to 10.6p
• 242% total shareholder return over ten years
• 68% total shareholder return over five years
• 46% increase in diluted NAV per share over five years
• £63m invested and £26m realised

Tim Ingram, Chief Executive, commented: “The strong rebound in equity prices has substantially aided our NAV performance. We have a robust portfolio that overall has weathered the recession well. Our £100m term bank facilities remain undrawn and are therefore available for follow-on investment and new opportunities although, in present conditions, we do not plan to become significantly geared.”

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25 Nov 2009